Welcome to our dedicated page for Technip Energies news (Ticker: THNPY), a resource for investors and traders seeking the latest updates and insights on Technip Energies stock.
Technip Energies, represented in the U.S. by THNPY American depositary receipts, reports developments across engineering and technology work for the energy transition. Recurring updates include LNG project awards, Process Design Package and FEED work, hydrogen and ethylene technologies, blue and green hydrogen initiatives, sustainable chemistry, and CO2 management projects.
Company news also covers technology partnerships such as autothermal reforming and partial oxidation licensing for blue hydrogen, carbon capture collaborations using Shell CANSOLV technology, and Reju, its textile-to-textile regeneration business focused on polyester waste circularity. Governance and issuer updates include annual report publication, annual general meeting materials, financial-results scheduling, Euronext Paris listing references, and the Level 1 sponsored ADR program traded over the counter in the United States.
Technip Energies announced that CEO Arnaud Pieton will speak at the Barclays CEO Energy-Power Conference on September 6, 2022, at 3:45 p.m. CDT in New York. The conference runs from September 6 to 8. A live webcast will be available on the Investor Relations website. No presentation materials will be provided.
Technip Energies announced a share buyback program for the week of August 22 to August 26, 2022, executing a total of 67,053 shares. The shares were bought at an average price of €12.36731, highlighting a strategic move by the management to enhance shareholder value.
This buyback program is part of a discretionary mandate, enabling independent decision-making by an investment services provider.
Technip Energies announced its share buyback details for the week of August 15 to August 19, 2022. The company purchased a total of 100,000 shares at an average price of €12.202918 as part of its discretionary buyback program. This initiative aims to enhance shareholder value and reflects confidence in the company's future. The shares were procured through an investment service provider, which independently made acquisition decisions.
Technip Energies has been selected, alongside Clough, to execute the Front End Engineering Design (FEED) for TotalEnergies’ Papua LNG project in Papua New Guinea. This project encompasses the development of the Elk and Antelope gas fields and features a carbon capture and sequestration scheme. Senior executives from both Technip and Clough expressed pride in their roles and commitment to delivering a sustainable project. Technip Energies aims to leverage its expertise in gas unit design and technology integration to contribute effectively to this strategic initiative.
Technip Energies, in a consortium with Subsea 7 and Samkang M&T, has been awarded a Front-End Engineering Design (FEED) contract for the Ulsan Gray Whale 3 Offshore Windfarm, located off the East Coast of South Korea. The project aims to develop a 504MW floating offshore wind farm, utilizing Technip's proprietary INO15™ floater technology. This initiative is part of a broader effort to support energy transition in the region, with a total of 1.5 gigawatts across three offshore projects.
Technip Energies announced share buybacks from August 8 to August 12, 2022, totaling 100,000 shares. The acquisition was executed under a discretionary mandate, emphasizing the company's commitment to enhancing shareholder value. The average purchase price per share was €12.259029. The buyback program aims to optimize capital structure and return value to shareholders. Technip Energies operates in 34 countries and focuses on energy transition technologies.
Technip Energies announced its share buyback activities from August 1 to August 5, 2022, purchasing a total of 200,000 shares. The buyback program was executed by an investment services provider under a discretionary mandate. Daily purchases included 40,000 shares at an average price ranging from €11.4568 to €11.8803. The average purchase price for the week was €11.6838. This initiative aims to enhance shareholder value, demonstrating the company's commitment to capital return.
Technip Energies has disclosed share buyback transactions for the week of July 25 to July 29, 2022, executing a total of 29,083 shares at an average price of €10.1445. This buyback program is managed by an investment services provider, allowing for independent decision-making. The initiative is part of a broader strategy to enhance shareholder value and signal confidence in the company's financial health. Technip Energies operates in 34 countries and focuses on energy transition technologies including LNG and hydrogen.
Technip Energies N.V. published its Half-Year Financial Report for the six months ended June 30, 2022, on July 28, 2022. The report includes condensed financial statements prepared according to IAS 34, along with an interim management report. Technip Energies is recognized for its engineering and technology leadership in the energy transition, focusing on LNG, hydrogen, and CO2 management. The company operates in 34 countries, employing 15,000 people dedicated to driving innovative projects that support a sustainable future.
Technip Energies reported H1 2022 revenues of €3.27 billion, a slight increase from €3.24 billion in H1 2021. Adjusted net profit rose by 31% year-over-year to €132 million, with an adjusted recurring EBIT margin of 6.3%. The company raised its full-year EBIT margin outlook to at least 6.8%, excluding Arctic LNG 2. Energy transition orders surpassed €500 million in H1, with expectations to reach around €1 billion by year-end. Key milestones included the Coral FLNG achieving first gas in Mozambique despite challenges from the orderly exit of Arctic LNG 2 due to sanctions.